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RainDance Technologies Reviews Opportunities for Growth at Cowen Health Care Conference
Date:3/17/2009

BOSTON, March 17 /PRNewswire/ -- RainDance Technologies, Inc., a privately held provider of innovative microdroplet-based solutions for human health and disease research, today announced it will be shipping its first commercial Sequence Enrichment Solution this month and reviewed the company's opportunities for growth at Cowen and Company's 29th Annual Health Care Conference.

The initial application of the company's RainStorm(TM) microdroplet-based technology platform focuses on targeted sequencing of the human genome, one of the fastest-growing segments of the rapidly expanding $1 billion DNA sequencing market. The company's Sequence Enrichment Solution and RDT 1000 system will enable the high-resolution analysis of genetic variation between individuals within populations at a level unmatched by current methodologies.

"We will make the first commercial shipment of our Sequence Enrichment Solution in March and presently have a backlog of orders," said Chris McNary, President and Chief Executive Officer, RainDance Technologies. "Over the next 3 years, we estimate the genomic sequence enrichment market at about $400 million, and we believe RainDance can capture a significant share."

During the last 6 months, RainDance has provided its solution to early access partners representing some of the world's leading genome research centers. These include the J. Craig Venter Institute, The Genome Center at the Washington University School of Medicine, and the Broad Institute. The company also collaborated with the Scripps Translational Science Institute to accelerate targeted genomic sequencing in its Wellderly Study of America's healthy elderly.

In targeted DNA sequencing applications, the Sequence Enrichment Solution provides researchers with higher resolution and statistical power while maximizing workflow efficiency and cost. "Our solution enables one next-generation sequencer to do what
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SOURCE RainDance Technologies, Inc.
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